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‘Right around the world we're still seeing supply chain issues’ - Victoria Gold’s John McConnell

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By Michael McCrae and Paul Harris
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‘Right around the world we're still seeing supply chain issues’ - Victoria Gold’s John McConnell teaser image

(Kitco News) - Mining is still challenged by rising costs and supply-chain issues, said John McConnell, president and CEO of Victoria Gold.

In early May McConnell spoke to Kitco correspondent Paul Harris at Deutsche Goldmesse held in Frankfurt, Germany.

Victoria Gold is a single-asset producer. It runs the Eagle Gold Mine in the Yukon. This year’s gold production guidance is set at 165,000 to 185,000 ozs and cost guidance of US$1,450 to US$1,650 per oz of gold sold.

McConnell said the lift in the gold price has been nice, but the focus is still on the mining operations at Victoria Gold.

“We can be a little freer with capital expenditures, [but] we need to see this price sustained for a while,” said McConnell. “Our focus is still 100 percent on getting the Eagle Mine running properly. COVID was tough, and I have to quit blaming COVID for problems at the mine. Right around the world, we're still seeing supply chain issues, and you know they're slowly getting corrected. Costs have gone up, so we're trying to do things to contain costs.”

Coverage of Deutsche Goldmesse sponsored by Dynacor.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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Paul Harris

Paul has more than 20 years of experience in the mining sector in investor relations, communications, research, and news reporting roles, and over 16 years of experience in the Colombia gold sector. Paul founded the successful CGS Copper and Gold Symposium in Colombia. He has written for the industry-leading publication ‘Mining Journal’ since 2015 and has been a Kitco Mining anchor since 2022. Previously, Paul spent five years in Chile reporting on the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.

Tags:

Victoria GoldJohn McConnellEagle Gold MineDeutsche Goldmesse

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